Article 1. To approve the scheme of "Restructuring of securities market and insurance companies (hereinafter referred to as the Scheme)" with the following principal contents:

I. OBJECTIVES, ORIENTATION

To wholly restructure securities market and insurance companies in order to gradually improve the role and position of the securities market and insurance companies; to strive toward 2020, to make this market become an important channel of medium- and long-term capital for the economy; to positively support for the currency market in the process of restructuring the credit institutions:

1. To improve quality and to diversify products of securities and insurance; to improve quality of corporate governance, risk management at the issuing organizations; to assure publicity and transparency of the operations on the securities market.

2. To restructure the system of securities trading organizations, insurance companies in accordance with the needs, characteristics and development scale of the market; to strengthen activities, improve financial capacity, corporate governance and risk management in these organizations according to international rules.

3. To focus on development of organization investors; encourage individual investors; to attract foreign medium and long term capital flows indirectly-invested from foreign countries, and to enhance the monitoring and take appropriate and timely measures to actively cope with the volatility of the foreign invested flows.

4. To restructure market organization toward specialization of products and services with unified administration, governance structure, transparency and professionalism to ensure market healthy activity, stability, sustainability under the close management and supervision of the state.

II.VIEWPOINTS

1. Restructuring of the securities market and the insurance companies in accordance with the law provisions and on the basis of international standards and practices, in accordance with the restructuring plan of the banking and financial system, the economy and actual conditions in our country....